China Online Gambling Market Outlook
Online gambling represents the activity of placing bets on casinos and various other sports-based activities via the internet. It does not include any physical interaction between the players, as computer programs temperate the session.
The China online gambling market size reached US$ 9.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 14.7 Billion by 2027, exhibiting a growth rate (CAGR) of 7.4% during 2022-2027.
Online gambling comprises games, such as sports betting, blackjack, poker, roulette, slot machines, etc., which can be accessed through a website or downloaded with the aid of gambling software on one computer. It is gaining extensive traction in China as online gambling is easily accessible by any smart device, involves cashless transactions, offers a real-time gambling experience, provides a customizable budget to players, etc.
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China Online Gambling Market Trend:
The legalization of online betting in the country is primarily augmenting the China online gambling market. Furthermore, the implementation of stringent regulations by government bodies to monitor online poker, casinos, sports betting enterprises, etc., is stimulating the market growth. Apart from this, easy access to the internet and the growing urbanization levels have resulted in the increasing interactions of individuals with domestic and international gambling websites and mobile applications, which is acting as another significant growth-inducing factor.
Moreover, on account of the sudden outbreak of the COVID-19 pandemic, the escalating demand for online gambling as a source of entertainment while maintaining protocols, including social distancing, is also bolstering the market growth across China. Besides this, the shifting consumer preferences from traditional land-based betting towards digital gambling are further catalyzing the market growth. Additionally, the inflating expenditure capacities of users are expected to fuel the China online gambling market in the coming years.
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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Key Market Segmentation:
The report has categorized the market based on game type, device and region.
Breakup by Game Type:
- Sports Betting
- Football
- Horse Racing
- E-Sports
- Others
- Casino
- Live Casino
- Baccarat
- Blackjack
- Poker
- Slots
- Others
- Others
Breakup by Device:
- Desktop
- Mobile
- Others
Breakup by Region:
- North and Northeast
- Northwest
- East
- South Central
- Southwest
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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